BABYLON PUMP & POWER LIMITED
ASX:BPPCapital GoodsToday’s holders own 86.2% of what they think they own, once every option and right converts.
Share count grew 265% in 24 months; runway 2–4 quarters; 2 cash raises in 24 months
BABYLON PUMP & POWER LIMITED's ordinary share count increased 265.4% between January 2024 and September 2026, its latest share-count filing. That figure is adjusted for the company's approximately 1-for-30 share consolidation in November 2025, and the adjusted count stands at 304M ordinary shares. The company raised capital twice in the past 24 months, with total disclosed proceeds of A$6.0M, most recently a A$2.5M Non-Renounceable Rights Issue in July 2026. Options and rights could convert into 49M new shares, equal to 16.1% of the current share count; none are in the money. The nearest expiry is August 2029. The company reports funding of 2 to 4 quarters of funding at the recent spend rate.
Quick answers · 3
When did BPP last raise capital?
The last capital raise in Babylon Pump & Power's filings is Non-Renounceable Rights Issue of $2.5M announced 21 July 2026, one of 2 cash raises in 24 months.
How much cash does BPP have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Babylon Pump & Power reported $1.4M of cash and estimated 27.3 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do BPP's options expire?
Unexercised options and rights equal 16.1% of Babylon Pump & Power's shares on issue; the nearest expiry is Aug 2029.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 7 Sept 2026 | 2A · quoted issue | BPP : ORDINARY FULLY PAID | 304.4M | Appendix 2A |
| 2 Sept 2026 | 2A · quoted issue | BPP : ORDINARY FULLY PAID | 301.6M | Appendix 2A |
| 2 Sept 2026 | 2A · quoted issue | BPP : ORDINARY FULLY PAID | 301.7M | Appendix 2A |
| 2 Sept 2026 | 2A · quoted issue | BPP : ORDINARY FULLY PAID | 299.7M | Appendix 2A |
| 31 Aug 2026 | 2A · quoted issue | BPP : ORDINARY FULLY PAID | 162.0M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered43.3M · 14.2% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered5.6M · 1.8% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 43.3M priced, 5.6M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
At $0.050 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 43.3M (14.2% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 5.6M (11.4% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BPPAR | Options | Price-triggered | $0.10 | 28 Aug 2029 | 43.3M | Filing |
| BPPAO | Performance rights | Condition-triggered | — | — | 135k | Filing Meeting |
| BPPAI | Performance rights | Condition-triggered | — | — | 575k | Filing Meeting |
| BPPAK | Performance rights | Condition-triggered | — | — | 689k | Filing Meeting |
| BPPAP | Performance rights | Condition-triggered | — | — | 1.2M | Filing Meeting |
| BPPAJ | Performance rights | Condition-triggered | — | — | 1.3M | Filing Meeting |
| BPPAL | Performance rights | Condition-triggered | — | — | 1.6M | Filing Meeting |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
- BPPAHCondition-triggered4.3M securities → 01 July 2026 Appendix 2A
- BPPADCondition-triggered667k securities → 015 Dec 2025 Appendix 2A
- BPPAECondition-triggered375k securities → 015 Dec 2025 Appendix 2A
- BPPAFCondition-triggered844k securities → 015 Dec 2025 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 2 Sept 2026 | Mr Chris Radin | Other | 719k | — | — | $36k | 3Y notice |
| 2 Sept 2026 | Mr James Cullen | Other | 9.1M | 7.0M | — | — | 3Y notice |
| 2 Sept 2026 | Mr Patrick Maingard | Other | 616k | — | 5 | $31k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.